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Addressing Climate-Related Financial Risk Through Bank Capital Requirements
Introduction and summary
The climate crisis has profound implications for every sector of the economy, every corner of society, and every aspect of public policy.
- Gregg Gelzinis
- The American Progress
Several years ago, it may have been acceptable for U.S. financial regulators to brush climate change aside as an issue left to other government departments and agencies.
Today, improved data and climate-risk economic analysis, coupled with strong international consensus, make it untenable for financial regulators to ignore the critical nexus of climate change and the financial system.
Even some of the conservative regulators appointed by…